It’s a packed data agenda ahead for the session.
Most of the focus is on the PMIs from China and the Bank of Japan decision.
China’s PMIs are expected to show small improvement, which will be welcome. Stimulus announcements from China hit from late September and continued right through October, which will help give economic indicators a boost. Stimulus announcement should continue once the People’s Congress rubber stamps a few more:
China vice fin min says further stimulus details after National People’s Congress session
From Japan the BoJ is likely to remain on hold:
Bank of Japan Policy Meeting Preview – Don’t Hold Your Breath for a HikePreview – Bank of Japan meeting this week – no change to policy expectedJapanese Inflation Data Impact on USD/JPY; BoJ Meeting OutlookThis snapshot from the ForexLive economic data calendar, access it here.The times in the left-most column are GMT.The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.
This article was written by Eamonn Sheridan at www.forexlive.com.
